Siemens/Alstom could harm competition in Brazil

The proposed merger of European rail transportation leaders Siemens and Alstom may lower competition in the railway signalling market, Brazil’s antitrust watchdog has said, tells Global Competition Review (GCR).

Commenting on the General Superintendence’s decision of sending its report to CADE’s administrative tribunal without any specific recommendations for what conditions should be imposed, although arguing the deal should not be unconditionally cleared, partner Eduardo Frade explained to the British publication that it is not uncommon for the investigator to refrain from specifying proposed remedies. He said the investigative team tends only to recommend detailed conditions on cases on which it has strong opinions, to assist the tribunal in its assessments.

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